Companies Law
Art. 32Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The competent judicial authority may, at the request of a partner or shareholder,
order the company to pay the expenses he incurred in the initiation of a
derivative action, regardless of its outcome, if he initiates the action in good
faith and such action is in the interest of the company.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded